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Silver (XAG/USD) Holds $79.9 as NFP Miss Sets Up US CPI Test for $82 Next Week
Silver finished the week close to $79.9, having enjoyed a modest boost as markets took a closer look at softer US labour data and adopted a cautious approach ahead of key inflation announcements. Despite the price action being fairly steady heading into the close, silver remains in an upward trend, which is starting to look more like consolidation than losing steam. Not dissimilar to gold, silver’s performance is all about finding a balance between slowing growth and ongoing inflation concerns. Soft NFP Data Kept Silver Supported Last Week The macro data that came out last week didn’t do any harm to precious ... (full story)
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